Banpu eyes free power trade system amidst rising Thai electricity costs

[webfact]

 

In the face of rising electricity bills, a new opportunity is emerging for a free power trade system in Thailand, as spotted by Banpu Power Plc, the power generation arm of energy conglomerate Banpu Plc.

 

Expecting a worldwide shift in electricity markets, the company, under Kirana Limpaphayom, its CEO, is poised to take advantage of this imminent change.

 

The combined effect of advancing digital technology, mounting climate change concerns, and declining costs for developing renewable power plants fuel this progression. Additionally, the hike in energy prices due to the Russia-Ukraine conflict is facilitating this transition.

 

The Thai population, both households and entrepreneurs, is showing an increased preference towards energy derived from rooftop solar panels as a counteraction to expensive electricity costs. Banpu is planning to pivot more towards the power trade business while further pushing its branches into energy solutions and electric vehicle sectors, Bangkok Post reported.

A potential market is visualised by Kirana where electricity sellers and energy types are chosen freely by customers based on their individual needs and financial situations.

 

Similar to the retail oil market, the aim is for businesses to be able to freely trade electricity generated from sources like solar panels without intervention from the state-run Electricity Generating Authority of Thailand or the government’s power distribution divisions, the Metropolitan Electricity Authority and the Provincial Electricity Authority.

 

by Alex Morgan 

Photo by The Scientific World.

 

#news
Full story: https://thethaiger.com/news/national/banpu-eyes-free-power-trade-system-amidst-rising-thai-electricity-costs

 

-- © Copyright Thaiger 2023-07-03

 

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[Skipalongcassidy]

While the rest of the developing world is pushing solar... Thailand is dead set against its use by private individuals and businesses... that is what happens when the government owns the only source.

[h90]

2 hours ago, Skipalongcassidy said:

While the rest of the developing world is pushing solar... Thailand is dead set against its use by private individuals and businesses... that is what happens when the government owns the only source.

And in a country where a big part of the electric is used for airconditions it makes perfect sense....a shopping mall with solar, produces the electric when they need it. That works way better than in say Germany which needs the electric in the dark winter.....

 

[hotchilli]

5 hours ago, webfact said:

Similar to the retail oil market, the aim is for businesses to be able to freely trade electricity generated from sources like solar panels without intervention from the state-run Electricity Generating Authority of Thailand or the government’s power distribution divisions, the Metropolitan Electricity Authority and the Provincial Electricity Authority.

Break the monopoly.

[h90]

14 minutes ago, hotchilli said:

Break the monopoly.

But didn't work so well in Europe...than you have private companies who want to maximize profit. As long as there is a surplus in generation that works well, but if there is a shortage it gets way more expensive than a state monopoly.

[Rimmer]

Off topic flame removed

[VocalNeal]

6 hours ago, h90 said:

But didn't work so well in Europe...than you have private companies who want to maximize profit. As long as there is a surplus in generation that works well, but if there is a shortage it gets way more expensive than a state monopoly.

...and guys knocking on doors asking if you would like to change your energy supplier so they can sell you "their" electricity, which they don't produce.????

[h90]

12 minutes ago, VocalNeal said:

...and guys knocking on doors asking if you would like to change your energy supplier so they can sell you "their" electricity, which they don't produce.????

their electric using the cables the country built....and some tricky contract...the first 3 month cheap and than they can adjust to what they think.....can exit the contract only every year on the 30th February, etc....